Drag Reducing Agent Market Segmentation:
Type Segment Analysis
The polymer segment in the drag reducing agent market is estimated to gain the largest revenue share of 60% in the year 2035. As the demand for hydrocarbons escalates, the polymer-based DRA segment benefits from optimizing the transportation of crude oil and natural gas, reducing energy consumption and increasing flow rates. The International Energy Agency (IEA) predicts that global energy demand will grow by 27% by the year 2040.
End User Segment Analysis
The petrochemical segment is expected to garner a significant share in the year 2035. Petrochemical DRAs are benefiting from technological advancements, enabling tailored solutions for various fluid compositions and pipeline configurations, ultimately enhancing their effectiveness. Investment in research and development for advanced DRA formulations is driving innovation in the sector. By optimizing fluid transportation and reducing energy consumption, petrochemical DRAs contribute to substantial operational cost savings, increasing the competitiveness of petrochemical manufacturers.
Our in-depth analysis of the global market includes the following segments:
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